October 22 (SeeNews) - Romania on Thursday sold 775.8 million lei ($188 million/152 million euro) worth of a new Treasury notes issue maturing on November 25 2024, above initial target, central bank data showed.
The average accepted yield fell to 3.12% from 3.20% achieved at the previous auction of government securities of the same issue held in September, the data indicated.
Demand for the T-notes, which carry an annual coupon of 3.70%, fell to 825.8 million lei from 1.118 billion lei at the previous auction.
The issue will be reopened on Friday when the finance ministry hopes to raise 90 million lei in a non-competitive tender.
Details on the issue follow:
Auction date |
October 22 |
September 28 |
Amount offered (mln lei) |
600.0 |
600.0 |
Amount sold (mln lei) |
775.8 |
621.3 |
Total bids placed (mln lei) |
825.8 |
1,118.3 |
Bid-to-cover ratio |
1.06 |
1.8 |
Yield (%) |
3.12 |
3.20 |
Romania's finance ministry aims to sell domestic debt worth 5.06 billion lei in October, including 660 million lei at non-competitive tenders.
Year-to-date, the ministry has sold some 59 billion lei and 645 million euro ($763 million) worth of government bills and bonds and has tapped foreign markets for 6.3 billion euro of 2026, 2030, 2032 and 2050 Eurobonds.
It also sold 10-year dollar-denominated bonds worth $1.3 billion and $2 billion of 30-year bonds on the external market.
(1 euro=4.8730 lei)